Cambodia is a young economy that has been developing on the basis of a free and open market scheme since the early 1990s. The banking sector has steadily developed. It has been resilient, stable, and integrated within regional and global markets. Its sound development is crucial to the growth of economic activities and
diversification, especially financial integration in the region. Credit has steadily increased and has benefited various sectors of the economy. Along with robust economic growth, Cambodia’s banking sector continues to gradually develop. With this healthy financial intermediation, the National Bank of Cambodia (NBC) in collaboration with the Association of Banks in Cambodia (ABC) has been promoting financial inclusion while also ensuring financial stability. Higher and better regulation, increased coordination between regulators of partner countries, and a large common commitment in safeguarding financial stability are all necessary to allow harmonious and sustainable growth. These are all objectives that are core elements of the ASEAN Economic Community, particularly the financial integration framework. It is my hope and expectation that this book will provide an effective experience and reference resource for all of you.